Capstead Mortgage (CMO -2.1%) is downgraded to Hold from Buy at Maxim Group. Liquidation of the...

|About: Capstead Mortgage Corpor... (CMO)|By:, SA News Editor

Capstead Mortgage (CMO -2.1%) is downgraded to Hold from Buy at Maxim Group. Liquidation of the shares continues despite Wednesday's reasonable earnings report. Management made clear its distaste for share buybacks even this far (12.6%) below book value, but the market may force its hand to at least set a floor on the price.